I spoke to a broker that said Matthews Capital had been forced...

I spoke to a broker that said Matthews Capital had been forced to liquidate their holdings in many stocks in the past two days. CKA was one of them and they are finished. He mentioned they had Coalspurs and a few other coal stocks that he knew about. He said these are opportunities when certain funds have to sell out and then reality kicks in and price rerates. He says the value of CKA is more than double current prices probably even three times. With potential newsflow over the coming months the price should recover very quickly. Coking Coal is in high demand and prices aren't dropping too much. Whoever bought today and can pick up any leftovers tomorrow should be quite happy it seems in the short term.